Chorus Ltd. (OTCMKTS:CHRYY) Sees Large Growth in Short Interest

Chorus Ltd. (OTCMKTS:CHRYYGet Free Report) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 58 shares, an increase of ∞ from the June 15th total of 0 shares. Based on an average daily volume of 1,065 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Chorus Price Performance

Shares of CHRYY stock opened at $27.80 on Thursday. Chorus has a one year low of $23.50 and a one year high of $30.33. The company has a 50 day moving average price of $28.46 and a 200 day moving average price of $27.96.

Chorus Company Profile

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Chorus Limited is New Zealand’s largest provider of fixed-line telecommunications infrastructure. Established in December 2011 following a demerger from Telecom New Zealand, the company owns and operates the fibre optic and copper network that forms the backbone of the country’s broadband and voice services.

Chorus specialises in wholesale network access, delivering fibre-to-the-premises (FTTP), fibre-to-the-cabinet (FTTC) and copper-based broadband connections to retail service providers such as Spark, 2degrees and Vodafone.

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